Consumer confidence in Taiwan remains in pessimistic range in February

Source: Xinhua| 2020-02-27 19:39:31|Editor: huaxia

TAIPEI, Feb. 27 (Xinhua) -- Consumer confidence in Taiwan weakened in February, according to the survey released by the Research Center for Taiwan Economic Development Thursday.

The Consumer Confidence Index (CCI) remained in the pessimistic range in February, dropping by 1.37 points to 83.93 points from January, according to the survey report.

A reading between 100 and 200 points suggests optimism, while one below 100 indicates pessimism.

The CCI consists of six sub-indexes measuring investment in the stock market, consumer prices, purchases of durable goods, employment opportunities, domestic economic outlook and household economic conditions in the coming six months.

All six sub-indexes fell this month. The sub-index for investment in the stock market reduced the most by 2.6 points from a month earlier to 65.5, and the sub-index for consumer prices went down 2.15 points to 51.25, the second most, the survey found.

Five of the six sub-indexes remained below 100 points while the sub-index for purchases of durable goods stood at 111.05.

The survey, conducted from Feb. 18 to 21, interviewed 2,756 sampled local consumers aged 20 and above via telephone.